Trade data shows imports down, exports up in November

Exports rose by about half a billion dollars on the previous November. (Image: File)

Fri, 20 Dec 2024

New Zealand narrowed its trade deficit last month, with exports bringing in half a billion dollars more than they did a year earlier.The latest overseas merchandise trade data, combined with an improved consumer confidence reading, emerged a day after GDP results showed the economy shrank 1% in the September quarter.Goods exports rose $540 million (9.1%) compared to November last year, Stats NZ said today.Goods imports fell $281m or 3.9% over the same timeframe.The monthly trade deficit was $437m, the smallest November deficit since 2020.W...

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